Topic: [ANN] 💰⛏ 💰⛏ 💰⛏ ICE ROCK MINING ICO2 - LIFETIME PROFIT - page 25. (Read 37119 times)

Thank you!

Hello! We will start this after Bounty tokens will be paid.

@bitcointrader56, they seem to ignore this question. It was asked here, in Telegram, but no response. During AMA they said to contact Zayne (Technical Support), but he says to contact Dias.

Under key advantages on the website IRM states:

"We have built an ICO Advisory team that is highly entrepreneurial and understands the benefit of mining. Our ICO Advisors are offered a generous compensation package to help us grow our investor base, most investors become advisors. This structure allows us to scale our business without incurring higher costs. We gain economies of scale without high capital outlays. We are efficient in all aspects of our operation"

If your official advisors have been so beneficial to the ICO, than also show them the courtesy of answering their simple questions. So I'll ask again:

@Dias, or the person on this forum who posts under the name IceRockMining, could you please answer this question:

When can the official ico advisors expect their 10% referral bonusses? Is there something they need to do?

When can the official ico advisors expect their 10% referral bonusses? Is there something they need to do?

On the white paper it shows 20% of income going to service and Electricity, it would be hard to have exactly 20% on expenses. What happens if there are more or less expenses than that? Where will the money come from/go? I feel like the 20% reinvest might be a bit low also, as you have to compete with the 10% to 15% increase in difficulty each month. If the difficulty starts catching up with the money put in things can go downhill quickly.

Would be better to have something like

Income - services = profit

Then profit share:
50% ROCK2 owners
40% reinvest
10% mining team

Other than that it looks like a solid project

tmfp, s9 bulk buy costs about $700 at the moment.

In this current market ROI will be way way lower than predicted so you're right about that.

...having exactly 20% on expenses all the time is very unlikely
Reinvesting any residual from the 20% should be the way forward...

to da moon

I'm not sure if the team has any tokens. In the whitepaper it's not mentioned that Ice Rock team has any tokens, all unsold tokens will be burned.
Except if they invested their own money and bought some tokens like everyone else.

1-) How much money has been used for purchasing miners?
1-) Nothing at this moment because we want to discuss it with the community.

2-) How much is the income of total token sales? Is shelves are done?
2-) Depends on the miners. Shelves are not a problem, it's the last part of the progress. On monday there will be a video showing progress.

3-) Can we get more videos, more pictures about the mine everyday?
3-) We are already releasing updates but everyday is not possible because they are taking too much time.

4-) Will you update the calculator on the website with current difficulty, current price and current ROI?
4-) We don't want to update the calculator because it doesn't make sense. It changes all the time.

5-) News about exchanges
5-) We are at contact with the exchanges and we are trying to lunch it on time. We are waiting responses from exchanges. But the process is going slow because of the exchanges. We are waiting IDEX's confirmation but the responses slow. We will give you the announcement when we get listed but IDEX will be our first exchange to be listed.

6-) What reason do you think ICO didn't sold out?
6-) We have sold like 75% of our tokens and I think it was very successful. IRM is the second largest ICO in this year and the results are very positive. Maybe ROCK3 will sold out in a few days or few minutes. But first we need to make sure we get better profits for ROCK2 and finish this project.

7-) What lessons have been learnt from the experience?
7-) We have learnt a lot. Everything depends on the trust. That's one of the first and most important thing. If you are doing legitamate business, everything is good. If you are not stealing or lying to people they will trust. With just this simple fact 27 times more money raised in this second phase.

8-) Are you still negotiating with the mining companies or still waiting for them to arrive?
8-) We are negotiating a lot of companies because there are a lot of options on the market. We are stuck between new equipment and old equipment. And we want the best outcome for our investors. There will be survey for this.

9-) Does IRM has any intention to switching to EOS?
9-) We don't expect to go to the EOS, they are releasing the main net now. We will look at them but not before they have finished their thing. We are focused on the miners and exchanges at the moment.

10-) A1 Miners
10-) Forget about them because they don't have working prototype. Like we stated before there are a lot of mining companies out there but not all of them are professional.

11-) How can we get the merchandise
11-) It's not out there yet. It will be negotiated.

12-) Until when we will mine BTC? Especially if BTC will not be profitable anymore. Do you have any other coin in our mind?
12-) It's better to mine BTC for us. It's the main coin with most stablize structer.

13-) How much is the price of token for start?
13-) It will start from 1.5$ and market will decide the rest.

14-) If bitmain will put a limitation on buying new equipment, isn't buying some of the equipment now more logical?
14-) This is a question that we are talking right now. There will be survey for in monday in our telegram group.

15-) Since you will purchase large amount of equipment and mining location known, will you have a good security to prevent robbary or assault?
15-) Ofcourse we will have because it is also our money. We can't leave the mine without phisical security.

16-) If the ASICs will be available in Bitmain, what do you think about the price would be?
16-) I think it's not profitable for Bitmain to put very high price for the miners because we have a market right now. Also, Bitmain not the only or first company right now. There are other options such as GMO who is already made that very efficient miner. Who doesn't have a good price right now. Bitmain will put a better price in it.

17-) Any updates on the giveaway contest?
17-) It has been finished. Winners can check their wallets. If you have won but didn't recieve your tokens, please give us your address to recieve your tokens.

18-) How much was raised in USD terms?
18-) Around 8.5m$

19-) When will refferral tokens be issued?
19-) It gets paid automatically. If you got a referral system normally sends the referral bonuses automatically. We have some referral transactions are already in que right now. Our technical director will solve this issue.

20-) Do you guys have any plan to diversify the risk by doing some gpu mining in case something happens to BTC?
20-) We don't have any plan for this. We want to mine only BTC as we said before.

21-) Is mounthly auditing available for checking balance for the mining inside the cave?
21-) We will think about it and we are speaking with some autiding company(Deloid or Deloyed?) but at this moment it will be not safe four our security to making this visiting. We have already a lot of money put into cave and we care so much about our security right now.

22-) Will the mining platform be monitored?
22-) Yes it will.

23-) Can the hackers attack IRM?
23-) We had some southern hackers attacking us before and we have successfully defended our website, our dashboard and all this infustructer. For this moment, we don't have any holes. We had some and we fixed them.

24-) When is the token burn?
24-) After we pay our bounty, we will burn the rest of the tokens.

25-) About the tokens sent to the coinbase or other exchanges, they are not giving us the private keys, what will we do?
25-) We can't do anything about the exchanges because they have their own infustractor. What you need to do is you need to write to them about your tokens. Maybe they will solve this for you.

26-) When are we going live?
26-) We hope in July.

27-) Where can we vote about the miners?
27-) We will provide the official voting in our telegram channel on monday. Maybe it will be a special voting system. We will think about this.

28-) Why is there a genesis mining helmet in the video?
28-) One of our employee, Ivan, found the helmet in Almaty city while he was walking. He saw this helmet laying down on the street that says Genesis Mining. He brought to our office. We will have a similiar helmet for icerock engineers. This just a trophy as historical moment that we will beat them.

29-) What is the degrees inside the cave?
29-) It's 11-12 C degrees inside of the cave and 34-35 C degrees outside of the cave.

30-) What is the max power capacity for the mine?
30-) 6 Mega Watt for this moment. We have a document for 6 Mega Watt. If we need to expend it, it's not a problem because the area we are getting electricity from has enough capacity to provide more iff we need it.

True - having exactly 20% on expenses all the time is very unlikely

Reinvesting any residual from the 20% should be the way forward, but at the same time, you could support at least some of that money going to the mining team - after all, you want there to be an incentive for the team to come up with ways to reduce their fixed costs.

Still given the mining team will have their own tokens, giving any benefit to token holders would be the easiest way to keep everyone happy.

On the white paper it shows 20% of income going to service and Electricity, it would be hard to have exactly 20% on expenses. What happens if there are more or less expenses than that? Where will the money come from/go? I feel like the 20% reinvest might be a bit low also, as you have to compete with the 10% to 15% increase in difficulty each month. If the difficulty starts catching up with the money put in things can go downhill quickly.

Would be better to have something like

Income - services = profit

Then profit share:
50% ROCK2 owners
40% reinvest
10% mining team

Other than that it looks like a solid project

Correct